
Applovin Corp. (NASDAQ:APP) shares are trading lower Tuesday continuing a decline that began in Monday's after-hours session after The Trade Desk Inc. (NASDAQ:TTD) was selected to join the S&P 500.
What To Know: The S&P Dow Jones Indices announced that The Trade Desk will replace Ansys Inc. in the index, effective July 18. Inclusion in the S&P 500 often brings increased exposure and demand from index-tracking funds, which can act as a catalyst.